Asia Daily PP and PE Overview – 15 November 2021

There are only a handful number of new import PE offers reported on the first trading day of the week, mostly at stable levels week-on-week.

08 Nov 2021

Asia Daily PP and PE Overview – 8 November 2021

Despite the shutdown at both Nghi Son Refinery and Petrochemical and Hyosung Vina Chemical, an increasing number of local Vietnamese traders scrambled to discharge the on-hand PP cargoes at lower price levels.

04 Nov 2021

Asia Daily PP and PE Overview – 4 November 2021

Although production issues in Saudi Arabia would curtail supply to Southeast Asia, the constant falling import and local markets in China cast a shadow on buyers’ confidence in this region.

01 Nov 2021

Asia Daily PP and PE Overview – 1 November 2021

Southeast Asian buyers expect the PP market to track the stable trend in the coming days, taking into account the balanced supply-demand condition. Any attempt to lift offers sharply might face stiff resistance, especially when Chinese cargoes remain widely available.

27 Oct 2021

Asia Daily PP and PE Overview – 27 October 2021

The continued downtrend in China got Southeast Asian buyers concerned. While manufacturers might have to proceed with replenishment to avoid production disruption, many traders are cautious, refraining from buying at the peak of the cycle.

26 Oct 2021

Asia Daily PP and PE Overview – 26 October 2021

The rapid price cuts introduced by Chinese sellers are expected to pressure other suppliers, who have not been active in opening new price lists on the second trading day of the week.

20 Oct 2021

Asia Daily PP and PE Overview – 20 October 2021

Southeast Asian players expect the recent corrections and declined demand in China to force international suppliers to implement smaller than expected increases on new PE offers, but the market would remain on the firming track.

19 Oct 2021

Asia Daily PP and PE Overview – 19 October 2021

While the number of new offers observed across Southeast Asia remains limited, there are signs that the import homo-PP market in Vietnam might have reached the cyclical peak as more traders step back on the South Korean cargoes.

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